Other Provisions - GMSLA Provision: Difference between revisions

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{{gmslaanat|Schedule 13}}
{{gmslaanat|Schedule 13}}
Depending on your own credit department’s yen for additional termination events that don’t really make a lot of sense in the context of an agreement covering short term and on-call transactions, you may see additional provisions:
*Inserting a [[cross default]] - which is utterly absurd for fully-collateralised, daily-margined, short-tenor arrangements like stock loans, and will add a couple of extra pages of text you can then expect to fight over, covering [[Threshold Amount - ISDA Provision|thresholds]], [[Specified Indebtedness - ISDA Provision|specified indebtedness]], [[Grace period|grace periods]] and the like.
*Provisions dealing with [[trade reporting]] to [[Hong Kong]] revenue authorities for [[stamp duty]]
*Enhanced US tax provisions ({{gmslaprov|12.2}} will get a workover);
*[[Stay]] language (Swiss, US etc)

Latest revision as of 13:30, 14 August 2024

GMSLA Anatomy™


In a Nutshell Clause Schedule 13:

Template:Nutshell GMSLA Schedule 13 view template

2010 GMSLA full text of Clause Schedule 13:

Template:GMSLA 2010 Schedule 13 view template

2010 GMSLA: Full wikitext · Nutshell wikitext | GMLSA legal code | GMSLA Netting

Pledge GMSLA: Hard copy (ISLA) · Full wikitext · Nutshell wikitext |
1995 OSLA: OSLA wikitext | OSLA in a nutshell | GMSLA/PGMSLA/OSLA clause comparison table
From Our Friends On The Internet: Guide to equity finance | ISLA’s guide to securities lending for regulators and policy makers

Navigation
2010 GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · Schedule · Agency Annex · Addendum for Pooled Principal Agency Loans

2018 Pledge GMSLA 1 · 2 · 3 · 4 · 5 · 6 · 7 · 8 · 9 · 10 · 11 · 12 · 13 · 14 · 15 · 16 · 17 · 18 · 19 · 20 · 21 · 22 · 23 · 24 · 25 · 26 · 27 · 28 · Schedule · Agency Annex

Stock lending agreement comparison: Includes navigation for the 2000 GMSLA and the 1995 OSLA

Index: Click to expand:
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Depending on your own credit department’s yen for additional termination events that don’t really make a lot of sense in the context of an agreement covering short term and on-call transactions, you may see additional provisions: